London-based Everledger has placed more than 1.6 million diamonds on a blockchain that includes dozens of attributes for each stone, including colour, carats, and certificate number (which can be inscribed by laser on the crown or girdle of the stone). The method has enabled diamond suppliers and intermediaries to replace a paper certification process with a blockchain ledger, using computer scanning tools to access a ‘digital vault’ which contains the provenance of any diamond.
Up Next in Blockchain
Blockchain is making its way into the day-to-day legal practices of major law firms. And it’s not just a technology that law firms are learning about for client matters – blockchain could become integral to how modern legal practices will operate in the future.
How Blockchain Technology is Transforming the Legal Profession
Big Law Business - Jasmine Ye Han
Blockchain technology could hold the key to lowering the cost of real estate transactions by streamlining processes and reducing intermediaries. Potential areas of application include purchasing, leasing, and property management.
Lower Real Estate Transaction Costs With Blockchain Technology
Advocates of decentralized ledger technology say it can streamline transaction processes, reduce fraud, eliminate middlemen, and cut costs.
The Globe and Mail